After a long and moral battle, the legitimate responsibility for Portland Cement was given to Dr. Rajan Mahtani. This choice was given by Court of Appeal after the Lusaka High Court neglected to give the equivalent. Lusaka High Court, on May 2018, declared that Ventriglias were only shareholders of the Zambezi Portland Cement. This choice was given in spite of the few confirmations and certainties shared by Dr. Mahtani that adequately demonstrated that he is the genuine proprietor of the manufacturing plant. Likewise, Lusaka High Court declared that Ventriglias were only shareholders of Zambezi Portland Cement, a choice which was censured by all.
Then again, the Court of Appeal satisfied its desires. On 31st January 2019, the judge directing the Zambezi Portland Cement case at the Court of Appeal reported its ultimate conclusion. According to this choice, Finsbury Investments is majority shareholder of Zambezi Portland Cement with 58 percent offers. Then again, Ventriglias are minority investors with 42 percent offers. This choice likewise lines up with the first Shareholders Agreement which was set up in 2005. The judge from the Court of Appeal additionally said that the judge beneath him wasn’t right in pronouncing Ventriglias as majority shareholder without having solid proof.
In the meantime, there is an earnest requirement for comparable straightforward and moral equity framework with the goal that legit and moral specialists quit enduring. Amid the case procedures imitation charges were made which were expelled by the judge by saying that these claims were boisterous and with no premise. Besides, the judge likewise gave a time span of three months from the judgment date to regularize the sales of shares according to the new choice.
